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FOX Business
Jan 14, 2013 4:00pm EST
$31 an ounce. fed chief ben bernanke he's at the university of michigan taking questions this hour. we are keeping a close eye on an event. this is an event that really could move markets tomorrow. set the whole futures up. and we're going to update you throughout the hour on anything he says that could affect your investments. sandra: plus big news in the tech world. we have got reports that dell is in talks to go private, and that's sending shares way up today, up more than 12 bucks. the iphone keeps losing market share and iphone part manufacturers they are losing orders. is it time for tim cook to lose his job? we've got an analyst who covers both of those companies, david coming up. david: also toyota driving past gm taking the title for the world's top selling automaker. we will go live to the detroit auto show to hear from toyota u.s. president about what new cars are hitting the road. wait till you see the new mercedes by the way. but first we will tell you what drove the markets today with today's data down load. stocks struggling for direction today. the dow crossing the
KICU
Jan 15, 2013 4:00am PST
bernanke - what the fed chair has to say about the state of the country's finances. and, how automakers are setting a new pace for competition. plus, traders who are sweet and sour on apple. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. i'm angela miles. it's tuesday, january 15th. in today's first look: as facebook makes its big reveal on its new product today, shares briefly climbed above $32 yesterday. bloomberg news reports dell is in talks to end its trading days and go private. federal regulators order jp morgan chase to improve its risk management after losing billions in trading last year. and american airlines bond holders meet today to weigh in on whether the airline should merge with u.s. airways. ira epstein of the linn group joins us now. always a pleasure to have you on the show. what is going on with the market? it is so resilient. where is all this money coming from ira? > > think about it: 2012, the end of the year, we didn't know where we were in taxes, people selling off lots
KICU
Jan 4, 2013 4:00am PST
right now, because bernanke has stood fast on the fact that they are going to keep rates at a level that is going to stay low until we start seeing that unemployment number get south of 6.5%. > where do you see sector strength joe? > > right now we are seeing it in the global names. specifically we started seeing some positive data and some action in the chinese markets, in the metals: the copper, the steel. iron ore has hit highs. i would be a little bit tempered on the iron ores, but looking at those global stocks, they are the ones that are going to be looked at quite a lot in the first quarter of this year. > thanks joe. that is joe cusick of optionsexpress. > > thanks. there were a lot fewer layoffs at the end of the year than came at the end of 2011. outplacement firm challenger, gray and christmas reports that december saw the second fewest layoffs of any month last year. but whether hiring is about to turn the corner still depends on whom you ask and in what sector of the economy. not only were there fewer layoffs in december across the u.s. than in ten other months of 2012,
FOX Business
Jan 14, 2013 1:00pm EST
? >> treasuries are in a range. once ben bernanke speaks at four o'clock this afternoon, market attention turns to the economic data we have. we have a lot of that da over the next three days. beyond that, the all important focus on what's going on in washington, 1 washington battles over the hearts and minds of spending cuts. >> the president, moments ago, spoke on the necessity of raising the debt ceiling, that the u.s. has to pay the bills it's racked up or markets could go haywire causing a self-inflicted wound to the economy. is he exaggerating? what's the take on the remarks in reaction how the debt ceiling sorts itself out? >> i don't think he's exaggerating at all. we have these debates every year right now, and we have the better part of the last 20 years, but it seems like when it comes to the wire, we always find a way to raise the debt ceiling, get washington back to work again, and that is our expectation. the difficulty is that the uncertainty in washington is freezing the treasury mark and investors. >> okay. back to ben bernanke, commenting this afternoon, if he reassures
CNBC
Jan 18, 2013 3:00pm EST
, ben bernanke's advice given a decade plus going to the japanese was definitely put in place, the liquidity programs, the quantitative easing, the monetizing and look what happened to their stock market, and if you also look at what happened to the jgb, briefly, they shot up in yield. it's moderated a bit. kyle bass is on today with david faber and everybody loves kyle bass. >> right. >> he talked about the first black swan with all the central banking activity probably turns out to be japan. we don't know when. i would fully agree and i think these two charts give you some clues that there is a possibility. >> andres, what do you think? is japan back? >> well, i think to a certain extent the unintended consequences is what we're actually going to see in the couple of months to come which is i don't think japan has the ability to get to 2% inflation which is their target any time soon, but that inflation might present itself in places like commodities. another way to look at it is look at carry trade and countries like mexico that have tame inflation. still, you can get 4.5%, 5% o
CNBC
Jan 14, 2013 7:00pm EST
all. fed chief ben bernanke is saying it must raise the debt ceiling and that the fed is going to keep buying bonds for now. on this one-month anniversary of the heinous, awful newtown shootings, the sheriff comes out in favor of banning assault weapons. "the kudlow report" begins right now. >>> first up tonight, president obama slams the republicans. he says no gimmick, no magic coins. just the plain old standoff on the debt ceiling. who is gonna blink first in this? john harwood joins us from washington with the details. good evening. >> good evening. the president used the last news conference of first term to draw an ever-brighter line with congressional republicans on the debt ceiling. they say they want dollar for dollar spending cuts to be matched with an increase in the debt ceiling. the president said i'll negotiate with you, but not over the debt ceiling. he simply is not going to allieu republicans to take the full faith and credit of the united states and the health of the u.s. economy as hostages. >> they will not collect our ransom in exchange for crashing the americ
CSPAN
Jan 19, 2013 10:00am EST
festivities, ben bernanke talked about the u.s. economy and the fed's role in monetary policy. he called on congress to raise the debt ceiling in the release of u.s. can pay its bills. he spoke at the gerald ford school of public policy. >> thank you very much. it is also my great pleasure to welcome all of you here today. on behalf of the gerald r. ford school of public policy, the university of michigan is extremely honored to welcome the hon. ben bernanke, chairman of the board of governors of the federal reserve system. today's conversation is the latest in our series of distinguished lectures, policy talks at the fort school. we're so pleased that region white can introduce to the events and we're also very president marye sue: here today as well as -- we also have several of the university's executive officers and beans. i would like to welcome all of them and thank them for joining us today. it is an honor and truly personal pleasure to introduce our next guest. the fed's charges to provide a healthy economy. this is a complex and critically important mission and it makes t
FOX Business
Jan 14, 2013 3:00pm EST
is over at the cme. another piece of news we're getting today. apple and dell aside, ben bernanke said to speak about an hour from now to give a big speech. we're always curious what he is going to say but could it be a market moving type of address from the fed chief? kevin: it is worth noting today perfectly after they have come out last weekend with indications from voting members that may b maybe qualitative usg program could and did 2013. we will be looking for hints to see if there's any follow-up from the chairman on this because he is the one making the ultimate decision here. you look at the treasury prices today, we're off of our highs, not a lot driving things. a lot of data coming out this week that looks new to show us the health of the economy and with q4 earnings coming out this week, we will be watching and listening to corporate executives to see what the capital spending limit look like and that may drive things for the first half of the year. cheryl: more news in the oil market. tom riley right now at the nymex and i want to focus particularly with you on the is
CNBC
Jan 15, 2013 4:00am EST
earn tr nike. >> and is we'll talk about that. >> meanwhile, fed chairman ben bernanke speaking monday warned the u.s. economy isn't out of the woods yet and is still at risk from political gridlock. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effect of way to improve your credit rating. >> ben bernanke says the u.s. economy appears to be willing to raise the debt ceiling. it's downplaying fierce that this could lead to higher inflation. >>. >> what do you think? >> well, i think, you know, what we've seen in the beginning of the year, like the solution of the fiscal cliff for the fist time in the more global renegotiation, what bernanke know and the government is they don't want the economy to be in another recession. probably it's going to be a slow process, but
PBS
Jan 30, 2013 7:00pm PST
federal reserve policy makers did. after studying the economy for two days, chairman ben bernanke and his colleagues issued what most called a "no news" statement. the fed says it will keep interest rates near zero and plans to keep buying bonds in order to keep interest rates low. today's g.d.p. report didn't change that plan. >> what the fed is trying to do is generate stronger labor market growth and labor market performance and we don't really have any data on that yet. so we don't have the employment report yet, so we think it is just status quo for the fed at this time. >> reporter: well, almost status quo. the fed continues to watch congress closely for clues about whether deep, automatic federal spending cuts will take effect in a month or congress will decide to close down parts of the government as republicans and democrats battle over the budget. >> i think the fed is very conscious of the fact that fiscal policy which had been providing stimulus earlier in the recovery had really now turned to a strongly contractionary phase and so, when the fed thinks about what it needs to d
PBS
Jan 25, 2013 7:00pm PST
federal reserve policymakers are thinking. ben bernanke and the open market committee hold a two-day meeting, starting tuesday, bernanke meets the press wednesday to answer questions about fed policy. and monday, n.b.r.-u heads to philly. we talk stocks for the long run with wharton professor jeremy siegel. ahead of that, you can read professor siegel's latest market thoughts on nbr.com. just look for the n.b.r.-u tab. you've heard of google glasses and gloves with handwarmers, but technology is about to take fashion to the next level. gregg greenberg from "the street" reports. >> reporter: computer geek rarely hooks up with runway chic. but the latest buzz in the fashion industry, wearable technology, could change that. and wall street is taking notice of what's currently a billion dollar industry and could soon rock the retail world. >> longer term there is no reason by the end of the decade it's not tens of billions of dollars and eventually hundreds of billions of dollars because you are talking watches, bracelets, glasses, clothing and lot of things you can't even think about to
CSPAN
Jan 14, 2013 8:30pm EST
brewer delivers her state of the state address of arizona. and ben bernanke discusses economic issues at the university of michigan. >> tomorrow morning on "washington journal", we will have a member of the budget and armed services committee and he will talk about his gop colleagues and went is being called a conservative case more revenue. we will also talk with matthew cartwright, a member of the oversight and government reform committee. "washington journal" is live on c-span every day at 7:00 a.m. eastern. >> next monday c-span is yours. we are your front row seat for the inaugural ceremony of president obama. we will cover other festivities including the afternoon parade. throughout the day, we will take your phone calls and comments and facebook and twitter feedback. live coverage starts at 7:00 a.m. eastern on c-span, c-span radio, and c-span.org. >> student camera video entries with your message the president are now due. to them and let us pray for your chance at the grand prize of $5000. there are $50,000 in total prizes. for more details, go to studentcam.org. >> now mayor
CNBC
Jan 18, 2013 4:00pm EST
are getting very frustrated fighting bernanke. >> gordon, let me ask you what you're seeing in terms of flow. first of all, what happened at the end of the day here? i turn my eyes away from the ticker for a moment, and the market is up 53 points. what was the flow at the end of the day, and would you go into next week holding technology? is that another weak spot, do you think, next week as stephanie just pointed out that a lot of industrial names, the real economy stories, are going to start driving things? >> well, maybe. they were buying beamary little bit and beamer reports next week, too. you can't turn your head for a minute in this market. washington puts out a little blush they will start cooperating with each other, that seems to be a little bit of a catalyst. kind of gave us anni impetus foa bust. if you go back two years, 2011, bump early in the year and the markets sold of held and then sold off. last year it looked like it might follow that same pattern, and then it didn't. it continued to rally into the close. so you almost have a january effect, a bit of a performance
FOX Business
Jan 18, 2013 1:00pm EST
inability to actually do the basic work that a legislature must do. ashley: i know bernanke, timothy geithner, rating agencies and many more states what is the point of a debt ceiling? we routinely raise it anyway. what is the purpose? >> there is no purpose. the debt ceiling has become a device for fiscal irresponsibility. republicans and democrats both dated. senator obama voted against the debt ceiling increase. if we have this credit downgrade, and we had a credit downgrade, as you know, last august. we have to take this off the table for the good of the country. ashley: some conservatives would say, look, you have to talk about spending cuts. that aside, you would agree, would you not, there needs to be some entitlement reform, we need to cut back on spending. >> i think we do. the big challenge is healthcare. healthcare and the economy is causing much more than it should. that is a big expenditure for the government. it is a big expenditure for individuals and businesses that provide health care. there is a need to come to terms with the growing cost of healthcare that is beyon
FOX Business
Jan 2, 2013 11:00pm EST
spending more money. that means bernanke will keep the money pump cranking away. plenty of liquidity and wall street shows up at the huge rally that we saw today. neil: a very good point to make you make many of them. here is where will respectfully disagree. as you know, i read a prompter on tv. here's my argument. whatas weird about today is you had this bastion of capitalism celebrating even bigger government, even more regulation minded government. grateful that the taxes did not triple, grateful that the state taxes did not go p as much as was feared and affect as many as was feared. we are so grateful for so little that we will buy on squad, and that is what worries me. neil: you're right, but let's look. there were some plans out the that would raise dividend taxes almost 4%. neil: you're right. how can you get a sustained rally. if your going to have the government or the more capital than private capital would love to get its hands on, that is not a long-term promise. you know what i mean? >> i agree. long term and not suggesting that this will stay. there is one word. bernanke,
FOX
Jan 14, 2013 6:00am PST
close. also after the close fed chief ben bernanke has a monetary policy speech. that certainly those things combined could effect the markets this week. >> really big stuff. >>> we'll smile and say good morning, to you. thank you for joining us here on ktvu channel 2 morning news it's monday, january 14th i'm dave clark. >> good morning, i'm pam cook. >> in the news this morning one oakland city leader calling for a state of emergency in oakland after another violent weekend on the streets. four people were killed. 11 others were wounded just since friday. ktvu tara moriarty is in oakland right now. she tells us the latest shooting that happened last night. >> reporter: out of control that is what oakland's vice mayor is saying about the rash of violence this weekend. larry reid says the city needs to call for a state of emergency he believes the move would free up mutual aid funds from the state. the spike in violence did lead to a conference call between oakland police chief and the mayors and several staff members. the most recent shooting happened at a birthday party last n
CNBC
Jan 17, 2013 12:00pm EST
chairman bernanke said the fed has no intention of doing anything any time soon in term of i want rates. if things begin to look shaky again they will get more dovish. the europeans shift ad little bit. in the prior meeting they gave a clear indication they could reduce interest rates and in that instance also seemed to indicate that they could welcome a lower euro and then totally flipped in the last meeting. actually in the last ecb meeting you're getting shades of the same commentary from draghi but it will not support ain't rate move. >> tom, to use a bar fight analogy you're saying to draghi and bernanke let's take it out back. you're willing to put on the gloves and fight the fed, fight the ecb and fight the global central banks that are pumping so much liquidity into the marketplace and keeping a put under the market. >> they are keeping the put under the market. we should respect history. if we look back over history, we constantly find that if what holds the market up is interference, what holds the market up is a policy that's specifically geared to creating those moves and yo
CNBC
Jan 24, 2013 4:00pm EST
. billionaire george soros hearts ben bernanke's printing press. >> the policy pioneered by bernanke is the right policy. >> soros speaking with maria in a first on cnbc interview from davos, and wait until you hear what he's warning about and is not spending all the debt. remember this. >> remember what his specialty is. >> up next, nothing get our editor robert frank's juices going that shows money migrating from high tax states to low tax states but that's the kind of guy robert is and the other man that's done all the research going back to 1995. some of his findings may shock and amaze you. we're back after this. h fidelit, but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. humans. even when we
Comedy Central
Jan 7, 2013 11:30pm PST
ben bernanke goes to the fed break room vending machine, inserts the count and picks either cheese nips or save the world economy. [cheers and applause] folks -- frankly, i do not think this will ever hasm first of all, when -- ever happen. first of all, what do you put on a trillion dollar coin snon the tail side a bald eagle breathing fire while making love to then american flag. what is on the snead obama? boehner? i'll tell what you it should be the charmin bears because when you pull an idea like this out of your ass, you're going to need something soft. [ laughter ] besides, it doesn't matter, all of this means nothing because a one trillion dollar coin doesn't solve anything. our nation's debt is $16 trillion. we can't make a $16 trillion coin. that's just silly. we'll be right back. [cheers and applause]>> stephen, everybody. thank you so much. [cheers and applause] folks in just a few minutes my guest will be jimmy wales, founder of wikipedia, the gigantic free online encyclopedia that invites users to write and edit all the articles. it's that feature that allowed me to r
CNBC
Jan 7, 2013 2:00pm EST
bernanke bucks. are the giants doubling down on the fed and gambling with your money? >> plus -- >> ♪ staying alive ♪ >> staying aalive in these texting times. how our so-called tax code is strangely similar to the 1970s. >>> and then later on, the story of the day honey boo boo's money boo boo. all this ahead. >>> many big banks feel the blews today. comments from analysts lately on the group, not helping today. >> you've also got many of the banks settling a massive foreclosure case today totaling $8.5 billion. walk us through the details, big deal today. >> big one, mandy. ten banks will pay a collective $8.5 billion to 3.8 million borrowers. those are the numbers you need to know. what is interesting is that everyone in the 3.8 million pool gets something. whether they were wronged financially or not. who's in the pool? anyone in any stage of foreclosure in 2009 and 2010 and serviced by one of those ten banks. that is the message from federal regulators who called this the biggest mortgage pay out yet under cash. last year's $25 million settlement with state ags involv
CNN
Jan 14, 2013 11:00pm PST
climb-down when it eventually happens, as it will. >> so daniel, let me ask you, ben bernanke came out today and weighed in on this whole thing in a way that might shock people because he said, you know what, to hell with the debt ceiling, although he said it in ben bernanke style. let me let him say it. >> i think it would be a good thing if we didn't have it. i don't think that's going to happen. >> so would it be better if we didn't have a debt ceiling at all? >> yeah, absolutely it would. this is a silly thing which ought to happen automatically because our debt is going to grow along with our economy from year to year. especially it's going to grow in times when we need to spend a little more to juice our economy. but you know, bernanke has very little credibility with the republican party because republican leadership last year actually sent letters to him saying stop with your quantitative easing and your other extraordinary measures to juice this economy. they're already angry at him, so him saying we should from the debt ceiling is not going to do anything in congress. >>
Comedy Central
Jan 14, 2013 10:30am PST
. it president can order it to be deposited at the federal reserve. >> stephen: then ben bernanke goes to the fed break room vending machine, inserts the count and picks either cheese nips or save the world economy. [cheers and applause] folks -- frankly, i do not think this will ever hasm first of all, when -- ever happen. first of all, what do you put on a trillion dollar coin snon the tail side a bald eagle breathing fire while making love to then american flag. what is on the snead obama? boehner? i'll tell what you it should be the charmin bears because when you pull an idea like this out of your ass, you're going to need something soft. [ laughter ] besides, it doesn't matter, all of this means nothing because a one trillion dollar coin doesn't solve anything. our nation's debt is $16 trillion. we can't make a $16 trillion coin. that's just silly. we'll be right back. we'll be right back. [cheers and applause] isurprise...it's eating less. to losing weight. i'm hungry just thinking about it. thank goodness for new slimful. one delicious, 90-calorie slimful and a glass of wat
CBS
Jan 25, 2013 7:00pm EST
on n.b.r., we'll find out what the federal reserve policymakers are thinking. ben bernanke and the open market committee hold a two-day meeting, starting tuesday, bernanke meets the press wednesday to answer questions about fed policy. and monday, n.b.r.-u heads to philly. we talk stocks for the long run with wharton professor jeremy siegel. ahead of that, you can read professor siegel's latest market thoughts on nbr.com. just look for the n.b.r.-u tab. you've heard of google glasses and gloves with handwarmers, but technology is about to take fashion to the next level. gregg greenberg from "the street" reports. >> reporter: computer geek rarely hooks up with runway chic. but the latest buzz in the fashion industry, wearable technology, could change that. and wall street is taking notice of what's currently a billion dollar industry and could soon rock the retail world. >> longer term there is no reason by the end of the decade it's not tens of billions of dollars and eventually hundreds of billions of dollars because you are talking watches, bracelets, glasses, clothing and lot of
CNBC
Jan 22, 2013 6:00pm EST
. >> this is a bernanke function. that is just the way it s the answer it is not what we should betrayeding off trading off of. stop, look, listen. that is our motto. there is too much noise out there. too much information could lead you in the wrong way. "mad money" will be right back. coming up, as the market hits new five year highs, cramer is finding out if the bulls can continue their stampede when he goes off the charts and later, take over target. 2013 kicked off a slew of acquisition announcements. it could be the missile you need to sky rocket higher. plus packaging power. food, fashion and phones whatever you consume comes in paper and plastic. two names you never heard of. find out which one could have profits you probably have. just ahead. coming up on "mad money." don't miss a second of "mad money." follow at jim cramer on twitter. send jim an e-mail to madmoney@cnbc.com or call us. miss something? head to madmoney.cnbc.com. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new
FOX Business
Jan 13, 2013 11:00pm EST
rates will agree main low debt -- indefinitely they believed the bernanke belief through 2015 then the fed will hike the rates the inequities are the best deal in town providing earnings to not disappoint. >> next week the forecast is a downdraft secluded disappointing earnings season take the wind out of the sales? >> that is the biggest threat if we have a correction to the strong start. lori: to have a vice? there are so many headwinds and in washington such a overhang. is there a risk? >> bond yields are so low. lori: junk yield is 520 percent. >> several percentage points above 2%. that gap has never been so narrow. maybe theres a stronger case to invest in equities. it is not a bad idea to increase exposure to equities on the promise geisha -- premise that the price appreciation of equities will outperform high-yield bonds as well as the investment grade bonds. lori: day by those names? what about technology? >> look at the outlook for economic growth. there is not much of a margin of error. invest conservative and less you can take the above average risk. >> that brings me t
CSPAN
Jan 16, 2013 7:30am EST
-span.org. .. >> ben bernanke called on congress to raise the debt ceiling. he said the u.s. can avoid defaulting on its day. the dean and the university's ford school of public policy moderates this discussion. this is just over an hour. >> thank you very much. it is also my great pleasure to welcome all of you here today, and on the half of the gerald r. to ford school of public policy, the university of michigan is extremely honored to welcome the honorable ben bernanke, chairman of the board of governors of the federal reserve system. today's conversation is the latest in a series of distinguished lectures, "policy talks @ the ford school." we are so pleased that susan white could introduce today's event and we're also very pleased to have president mary sue coleman with us today, as was regions american nelson and power, who were already mentioned to you. we also have several of the university executive officers and deans. and i would like to welcome all of them to thank them for joining us today. while it's an honor and truly a personal pleasure for me to introduce our special gu
FOX Business
Jan 29, 2013 1:00pm EST
-hawkins testimony. gets that from bernanke. that will play into this number one, big-time. melissa: they renamed it. humphrey-hawkins is so much better. >> that i actually remember the humphrey-hawkins testimony. in any event three main areas of reform. this is the way they're going to go at it in this sort of, in this sequence. housing reform, ending too big to fail or at least keeping the pressure on various regulators to end too big to fail and the fed. let's go through each one. housing reform. i can tell you this. these are people spoken to hensarling. very worried about bailout of the federal housing administration. we bailed out freddie and bailed out fannie. federal housing administration is below its requirements. has been there four years. somehow how to shore up that capital or do something with the federal housing administration. the second thing is obviously they're going to talk about ending too big to fail. how do you do that? i think you will see the treasury up there. they will do some hearings or some letters about how we can rein that in. the third spot, this is
CSPAN
Jan 1, 2013 12:45pm EST
chairman bernanke for whom i have a lot of respect for what he and secretary paulson did to deal with the crisis after it occurred, but in spring of 2007 chairman bernanke made a speech, and he said this subprime crisis, this is going to be confined to the housing market. what we found in our interviews was that the economists had all done their calculations within the fed and said, well, these are small numbers compared to the size of the banking system, the number of subprime mortgages is small enough, everything will be fine. the supervisors, the examiners, the people that go out and oversee safety and soundness of banks at the fed who are really second class citizens in the fed's culture and structure were screaming we've seen the balance sheets of these institutions, they're highly leveraged, excuse me, they can't take the hit. because there was no constructive dialogue or dialectic as alex would put it between the, excuse me, between the economists and the supervisors, came bernanke -- chairman bernanke made his optimistic statement without understanding that the supervisors had
CNBC
Jan 14, 2013 4:00am EST
ben bernanke will be speaking at the university of michigan later on discussing long-term challenges facing the u.s. economy. his comments will set the tone for a fed meeting scheduled for later in the month. >> it will be interesting to see how that jives with what we heard over the weekend, as well. . >>> also, following, apple's report is slashing orders for iphone 5 components because of weak demand. reports suggested the tech giant discussed cutting orders for its iphone. >>> president joe biden is delivering a recommendation on reducing gun voice to the president tomorrow. he said several proposals have broad support, including enforcing background checks and banning high capacity ammunition magazines. biden was asked to come up with the recommendations following the sandy hook shootings last month. >>> the debt ceiling dispute is heating up. the white house says congress can pay its bills or it can fail to act and put the nation into default. some reports suggest the government could run out of cash to pay all its bills as early as mid february. >> thanks for that. there's ple
CNBC
Jan 31, 2013 3:00pm EST
something with ben bernanke that the rest of us don't know about because they are not going anywhere, right? >> the funny thing was before our segment came on i was watching one of the tvs over here and i saw beyonce singing the national anthem, and i was wondering if ron would come in and was lip synching for ben bernanke actually. >> i do because i think he's the best. >> bernanke is not lip synching anything. they are not going anywhere. they are for real. >> he's an original. the thing about fed policy, as was said yesterday, the fed is not going to tighten policy until the unemployment rate comes down towards 6.5% or inflation, which it's not doing, gets above 2.5%, so the fed is going to be easing still for quite some time and the economy is strengthning and a lot of good things are going on. energy expansion, manufacturing is coming home. we've talked about this many times in the past. the profit reports we've seen thus far is quite encouraging. hard to argue that the market is sending a message that it's in trouble. >> encouraging is in the eye of the beholder. we took these numbers
Search Results 0 to 49 of about 277 (some duplicates have been removed)